Just as a charge set beneath the level that could be triumphant by way of deliver and demand in a unfastened marketplace has a tendency to purpose extra to be demanded and much less to be provided, growing a scarcity on the imposed price.
So a price set above the unfastened marketplace level tends to cause greater to be furnished than demanded, creating a surplus.
Surplus from this yr's wheat harvest, offered by means of the authorities from farmers, sits moldering in muddy fields here in Punjab state. some of the previous 12 months's wheat surplus sits untouched, too, and the years earlier than that, and the years before that.
Even as kind of one-fifth of farming earnings within the united states comes from government subsidies, greater than 40 percentage of farming profits in nations of the eu Union comes from such subsidies, as does an absolute majority of the farming earnings in Japan.
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Compound interest is interest charged on:
A. an annual basis
B. the revolving debt only
C. the principal and the interest that accrues
D. the principle only
Answer: im pretty sure its c !
Explanation: Compound interest on a loan or deposit accrues on both the initial principal and the accumulated interest earned
on april 1, the company hired an attorney for april for a flat fee of $2,500. payment for april legal services was made by the company on may 12. prepare the required adjusting entry, if any.
Dr. Legal service cost $3,500 on April 30; Cr. Legal service was due $3,500.
May 12: $3,500 in cash and $3,500 in legal fees for the doctor
What is the Government Legal Service responsible for?We serve as the main legal advisors to the government. In addition to representing the government in court, we offer legal counsel on the formulation, creation, and execution of governmental policies and decisions.
Some lawyers offer free 30-minute legal consultations. Some provide a fixed charge, so you can budget for the guidance in advance. To find out if a lawyer offers a set price or a free half-hour, call their office. You may learn more about your rights and legal situation during a free or fixed-fee consultation.
An attorney who serves in one of the government's branches is known as a government attorney.
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When compared with a nonpublic audit report, the public company audit report is most likely to have a section with the title of:_________
The highest level of assurance is provided by the audit process; reviews and compilations are additional typical nonpublic financial statement initiatives. In comparison to compilations, reviews offer only a limited level of assurance that the financial statements are compliant with GAAP.
The year the auditor started working for the business. Critical Audit Matters is most likely to be a portion of the public corporate audit report.
A qualified audit report grants the financial accounts a subjective stamp of approval as giving a genuine and fair view. This is dependent on the subjects that are the subject of the qualified opinion. The financial statements are said to give a genuine and fair view without any limits, according to an unqualified audit report.
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Customers, creditors, suppliers, employees, and the community in which a business operates are all:_____.
Customers, creditors, suppliers, employees, and the community in which a business operates are all stakeholders of the company. Therefore, the option A holds true.
What is the significance of stakeholders?Stakeholders can be referred to or considered as the persons or group of person wherein they hold high amount of interest in the operations and management of the business organization that they are related to. They can be any person, such as the owner, customers, creditors, employees, etc.
Therefore, the option A holds true and states regarding the significance of stakeholders.
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The missing options to the incomplete question have been added below for better reference.
Customers, creditors, suppliers, employees, and the community in which a business operates are all:_____. Stakeholders, borrowers, managers, none of these.
The communicating process of accounting includes all of the following, except
a. recording
b. classifying
c. summarizing
d. interpreting
Answer:
D, because in accounting all you need to know is what the money was spent for and not why they spent it.
Explanation:
Two customers purchased $500 of merchandise from the same store on account. The terms of both sales were 2/10, n/30. If the first customer paid in 8 days and the second customer paid in 12 days, what would be the difference in the merchandise company’s records on the date the customers paid in full?.
The Cash entry for the first customer would be $490, and the Cash entry for the second customer would be $500.
Because the first customer paid within 10 days, they would receive a 2% discount on their purchase. Therefore, their total purchase would be $500 * 0.98 = $490 paid in cash with a Sales Discount of $10. The second customer did not pay within 10 days. Therefore, they must pay the full amount of $500.
The AR Turnover Ratio is calculated by dividing net sales by average account receivables. Net sales are calculated as sales on credit - sales returns - sales allowances.
Turnover rate is calculated by taking the number of separations during a month divided by the average number of employees, multiplied by 100: Turnover Rate = # of Separations / Avg. # of Employees x 100.
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________ are collections of related tasks that receive inputs and produce outputs.
In a business process are collections of related tasks that receive inputs and produce outputs.
What is a Business process?
A business process is an action or series of actions that fulfil a certain organisational objective. Business procedures should deliver consistent results, have clear objectives, and be as specific as feasible.Business process management (BPM) is a methodical strategy for enhancing processes, which aids organisations in achieving their objectives. Business process outsourcing may be used by an organisation if cost or resource limitations prevent it from carrying out specific business operations internally. Many businesses use a third-party service provider to handle specific company responsibilities, such payroll, human resources (HR), or accounting.Organizations track the accomplishment of various process steps, or benchmarks, or assess the standard of the process' endpoint to determine whether a business process is successful.To know more about Business process visit:
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Globalization allows individuals receive information directly from governments, political advocacy organizations, businesses, and individuals, base by removing intermediaries from our ____________.
As a result of the removal of middlemen from our independent world, globalization enables people to obtain information directly from governments, political advocacy groups, corporations, and other people.
The term "globalization" refers to the way that new and emerging technologies have increased the sector's interconnectedness and dependence. The economic and social developments that have largely resulted from globalization are also included in its scope.
The need for collaboration has increased as nations have become more integrated. Nations cooperate, for example, to protect the environment or fight terrorism. The growth of international authority is the result of this. As a kind of global authority, the United Nations (UN) was established following World War II.
Political globalization: the development and expanding influence of international organizations like the UN or WHO on how governmental movement occurs on a global scale.
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A similarity between limited liability companies and s corporations is that both:____.
A similarity between limited liability companies and s corporations is that both owners are not personally responsible for business debts and liabilities.
What is the similarity between limited liability companies and s corporations?
It should be noted that this types of corporations give room for shareholders and ownership setup which belongs to them, however both are alike are been incorporated the same way.
We can say that they both issue stock and adopt bylaws therefore they posses boards of directors with directors .
In conclusion A limited liability company can be described as the corporate structure in which the owners is not been personally liable for the company's debts however they can be considered as the hybrid entities having features of corporation as well as that of partnership or sole proprietorship.
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At what stage of the target market selection process is the marketer first likely to uncover information that makes a segment less attractive than previously thought?.
Evaluate relevant market Segment is the stage of the target market selection process where the marketer is first likely to uncover information that makes a segment less attractive than previously thought.
What are the steps in the Target Market Selection Process?Identify an Appropriate Targeting Strategy.Determine the Segmentation Variables are to be used.Develop appropriate Market Segment ProfilesEvaluate the most Relevant Market Segments.Select those Specific Target Markets.Developing the Sales Forecast.Evaluate relevant market Segment is the stage of the target market selection process where the marketer is first likely to uncover information that makes a segment less attractive than previously thought.
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a product is currently made in a process-focused shop, where fixed costs are $9,000 per year and variable cost is $50 per unit. the firm sells the product for $200 per unit.
If a product is currently made in a process-focused shop, where fixed costs are $9,000 per year and variable cost is $50 per unit and the firm sells the product for $200 per unit then the profit would be $21,000.
The break-even point is the point at which your small business experiences neither a profit nor a loss. It is reached when total costs and total revenues are equal. In other words, you've reached the point in production where a product's sales are equal to its production expenses.Break-even point is calculated as follows: $9,000 / ($200 - $50) = 60 units; fixed cost / (unit selling price - variable cost per unit);
Profit = revenue - total cost = revenue - (fixed cost + total variable cost)
= $200 *200 - ($9,000 + $50 *200)
= $21,000 when the demand is 200 units.
Consequently, profit at 200 units is $21,000.
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a foodservice employee is receiving an order of frozen fish. the products are coated with large ice crystals and the box has what appears to be water stains on it. at this point the clerk should:
The products are coated with large ice crystals and the box has what appears to be water stains on it. At this point the clerk should: report the unacceptable products to the vendor.
A Food Service Worker could be a professional who makes food and ensures that the kitchen and area are clean and safe. they have to also follow strict rules set by Managers so as to take care of a high level of customer satisfaction.
Post this job free. Waitresses and waiters, also referred to as servers, play a serious role in shaping the customers' dining experience. A food service associate performs fundamental functions within the food industry. Food service associates prepare and serve food items.
They cater to special events, which involve facility preparation, food presentation maintenance, and fixing tables. Their duties include cleaning, preparation and repair equipment. Handled currency and credit transactions quickly and accurately.
The hospitality and food industry incorporates a longstanding tradition of quality of service and dedication to putting customer needs first. Though extremely diverse, the industry has an expectation of workers to be professional, productive, respectful, and attentive to customer needs.
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Employees that are scattered across a large corporate campus meet to determine exactly how the br549 forms are processed. the best tool for displaying the route these forms take is a?
As Employees that are scattered across a large corporate campus meet to determine exactly how the br549 forms are processed, the best tool for displaying the route these forms take is a process map.
What is a process map?This kind of map allows its creators (such as an employees) to visualize the projects end to end and confirm all of the necessary elements of the processes are accounted for in the project. Normally, when we are launching a new system, the process flow maps outline how the new system integrates with existing workflow.
Therefore, if any workers that are scattered across a large corporate campus meet to determine exactly how the br549 forms are processed, the best tool for displaying the route these forms take is a process map.
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when both the demand and supply curves shift, the curve that shifts by the smaller magnitude determines the effect on the undetermined equilibrium object.
The given statement "when both the demand and supply curves shift, the curve that shifts by the smaller magnitude determines the effect on the undetermined equilibrium object." is True.
What is demand supply curve?A supply and demand curve is a graph that illustrates the link between a market's availability of a product and its consumers' desire for it.The equilibrium quantity rises when both the supply and demand curves move to the right, but the equilibrium price can fluctuate depending on how much the two curves move in different directions. The indeterminate equilibrium object will not change if the two shifts' magnitudes are equivalent. Since the supply curve is often upward sloping in the event of a moving demand curve, a shift in the demand curve upward or to the right will result in both a higher equilibrium price and equilibrium quantity.Learn more about the demand and supply curve with the help of the given link:
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amazon uses robots to help move merchandise through their warehouses and get that merchandise to customers faster. what should amazon expect as a result of using these robots? check all that apply.
In many of its fulfilment centres, where people and robots coexist peacefully to deliver items to customers on schedule, Amazon is offering a look into the future.
Worldwide, Amazon has 175 fulfilment facilities. 26 of them involve a collaborative effort between humans and robots to choose, sort, carry, and store parcels. While it's true that robotic automation has replaced some tasks
Why do businesses do process analyses?Make sure to measure the labour cost and average time required to complete your processes because the ultimate purpose of workflow analysis is to save a business time and money. With the use of this information, you can monitor advancements, spot slowdowns, and resolve them before they turn into problems.
By removing pointless actions (and the expenses associated with doing those tasks) and automating the process's remaining steps, workflow management aims to simplify the components of various office systems.
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ng transactions. january 1 issue 10,000 shares of common stock in exchange for $33,000 in cash. january 5 purchase land for $19,500. a note payable is signed for the full amount. january 9 purchase storage container equipment for $8,100 cash. january 12 hire three employees for $2,100 per month. january 18 receive cash of $12,100 in rental fees for the current month. january 23 purchase office supplies for $2,100 on account. january 31 pay employees $6,300 for the first month's salaries.
A economic transaction is an agreement, or A financial transaction is an agreement, or communication, among a client and supplier to change gadgets, offerings, or property for payment. Any transaction involves a exchange within the fame of the budget of two or more businesses or people.
cash
substances
land
system
payments Payable 2,100
Notes Payable 19,500
not unusual stock 33,000
provider revenue 12,one hundred
Salaries price 6,three hundred
sixty six.700 66.700.
A mortgage is an excellent instance of a simply monetary transaction. The borrower requests a sure sum of money to make a large motive, as an example a car. The lender can pay out a lump sum. Over months or years, the borrower returns the money with hobby.
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To start work every day, saura sits down and sets her goals for the day and then she decides how to achieve them, formulating future courses of action to achieve the specified results. This is the definition of planning.
It is true planning definition is that before starting work each day, Saura sits down and determines her goals for the day. She then decides how to get there, creating future plans of action to accomplish the desired outcomes.
Setting up objectives, actions, and protocols to carry out, oversee, and regulate the tasks necessary to attain the objectives is the definition of planning.
Setting or detailing goals and the most effective ways to reach them is planning. To accomplish a set of goals or objectives, this is the first action that needs to be taken.
The core task of management is planning, which is determining in advance what has to be done, when, how, and by whom. It is an intellectual process that identifies the goals of an organization and creates numerous plans of action for achieving those goals. It outlines precisely how to accomplish a certain objective.
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HELP FASTT!!!!
Ms. Mason is a kindergarten teacher whose gross income last year was $34,200. She made a $2000 contribution to an IRA. If she takes a standard deduction of $5700, claims only herself as an exemption for $3650, and she makes no further adjustment to her income, find the amount of taxes she has to pay.
Ms. Mason is a kindergarten teacher whose gross income last year was $34,200. She made a $2000 contribution to an IRA. $3,010.00 is the amount of taxes she has to pay.
The term "income" generally refers to the transfer of money, property, and other value received over a period of time in exchange for services or products. There is no single standard definition. Income is defined according to the context in which the concept is used.
Income is money received by an individual or business in exchange for providing work, producing goods or services, or investing capital. While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services that exceed their production costs. Your annual income is the amount you receive in your bank account for the year, less any deductions. It's helpful to break this down into two words. Annual means year and income mean money earned.
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What is a good starting point for determining which accounts require adjustment?.
Review the Unadjusted trial balance as a starting point for determining which accounts need adjustment.
The definition of adjustment is the act of making a change, or a change made. One example of adaptation is the time it takes for a person to become comfortable living with someone else. Provisions for the amount to be paid in the event of damage or damage are made, for example, by insurance companies.
Get Accustomed After a while, his eyes adjusted to the darkness. Getting used to living alone took me a while to get used to it. Adjusting to being a parent can be difficult. I had to get used to the idea of him not coming back.
Successful adjustment is essential to improving quality of life. Poorly adjusted individuals are more likely to suffer from clinical anxiety and depression, and are more likely to experience feelings of hopelessness, anhedonia, difficulty concentrating, sleep disturbances, and reckless behavior.
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"when an auditor reviews additions to the equipment (fixed asset) account to make sure that fixed assets are not overstated, she wants to obtain evidence as to management’s assertion regarding"
When an auditor reviews additions to the equipment (fixed asset) account to make sure that fixed assets are not overstated, she wants to obtain evidence as to management’s assertion regarding Existence.
What exactly is an auditor's review?The goal of an independent auditor's financial "review" is to evaluate the charity's financial statements and assess if they are compatible with generally accepted accounting rules.
Although each audit is unique, the audit process for most engagements is similar and typically consists of four stages: planning (also known as survey or preliminary review), field, audit report, and follow-up review. Client participation is essential at all stages of the audit.
The audit work is reviewed to verify that the work done supports the findings reached, that the evidence acquired is adequate and appropriate to support the audit conclusions and conclusions, and that the audit work is properly documented.
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developing an effective sales and operations planning process at the kellogg company was not easy but the rewards have been significant. the process is an important factor. in october 2004, the kellogg company web site reported third-quarter earnings growth driven by increased sales, investment, and effective execution. the company raised its earnings guidance for the full year of 2004 due to these strong results and continued business momentum. because marketing, sales, and manufacturing are working together, along with finance, the kellogg company has been able to reduce its production capacity, finished goods inventory, and capital requirements, while selling more cereal than ever before, because it is producing the right product in the right quantities at the right time.
The 1997 introduction of Frosties is responsible for Kellogg's success. It also came in a variety of packaged sizes and a range of prices for different consumers, and it had added sugar. The lower price ranges were appealing to the nation's price-conscious consumers.
What is the Kellogg Company's business plan?Our plan is straightforward: We'll succeed in breakfast, become a global powerhouse in snacks, double our emerging market engine, and triumph wherever consumers shop. All of our decisions, from pursuing acquisitions to introducing new products, are based on these four pillars.
Kellogg's has unique abilities in manufacturing, creating new food products, managing supply chains and logistics specifically for food, and satisfying consumer demand for food.
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Ping+manufacturing+lists+artificial+flower+arrangements+at+$30+less+10%+and+10%.+ding+manufacturer+lists+the+same+flower+arrangements+at+$31+less+10%,+10%,+and+5%.+what+is+the+lowest+price?
The lowest price is 23.85 which is a better deal than the others.
What do you call an individual who makes flower arrangements?Florists are people who perform with flowers and plants, normally at the retail level. Floristry varies from floristics, the analysis of distribution and relationships of plant species over geographic locations.
What is the purpose of flower arrangements?Flower arrangements are an easy and effective way to boost the welcome setting of any given space. Not only booked for special occasions, but a few straightforward stems can also be just as important in a relaxed setting.
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What does it mean to act ethically?
Answer:Business ethics is the implementation of policies and procedures regarding topics such as fraud, bribery, discrimination, and corporate governance.
Explanation:
By definition, business ethics refers to the standards for morally right and wrong conduct in business. Law partially defines the conduct, but “legal” and “ethical” aren't necessarily the same. Business ethics enhances the law by outlining acceptable behaviors beyond government control.
A business ________ is a logically related set of activities that defines how specific business tasks are performed.
A business process is a logically related set of activities that defines how specific business tasks are performed.
What is a business process?A business process is a series of steps performed by a group of stakeholders to achieve a concrete goal. Each step in a business process denotes a task that is assigned to a participant. It is the fundamental building block for several related ideas such as business process management, process automation, etc.While there’s a deluge of things written and said about business process management, it’s essential to understand why they are so important to your business.To learn more about business process, refer: https://brainly.com/question/14979506?referrer=searchResults
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Variability in operating cash flows is unimportant as long as the total cash flows over a three-year period is sufficiently positive.
a. true
b. false
Variability in operating cash flows is unimportant as long as the total cash flows over a three-year period is sufficiently positive. This statement was false. Thus, option (b) is correct.
What is cash flows?
The term cash flow refers to the movement of the cash are the flow out of the business. There are the three types of the cash flow such as investing activities, financing activities, operating activities.
The term Variability refers to associated with risk. It's not the sufficiently positive. The cash flow is the as long as the total cash flow over a three-year period is not the positively, that's why is it false.
Therefore, option (b) is correct.
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At most grocery stores, you can find food offerings from different parts of the world. whether in the international aisle or other parts of the store, these products offer consumers delicious options that can transport them a world away in one bite. however, there is a lack of international food options for shoppers who specifically want to purchase organic food. for this challenge, we would like to hear your ideas for organic food offerings that could be sold in the international aisle or other areas of the grocery store. your idea should focus on either asian cuisine or hispanic cuisine. also, we are open to all sorts of food offerings (ex. prepared items, frozen food, produce, meat, sauces, condiments, etc.) feel free to let your creativity go wild!
Most grocery stores do not offer organic food especially Asian cuisine or Hispanic cuisine on their international aisle because of the Unavailability of organic foods in the local markets.
Two ways in which such grocery stores can get access to organic foods include the following
Grocery Stores can partner with farmersGrocery Stores can venture into organic food farmingWhat are Organic Foods?Organic foods refer to those food which have been grown on land where no prohibited substances such as synthetic fertilizers or pesticides have been applied on.
The usually time frame for this assessment is to ensure that the land has been free from the application of the aforementioned substances for at least 3 years before the harvest of the the plants.
Organic farming ensures that resources are recycled, it promotes ecological balance, and conserve biodiversity.
According to the question, grocery stores can offer organic foods if they partner with farmers or if they venture into organic food farming.
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If the year-end adjusting entry to record salaries owed to employees were omitted then.
Omitting the adjusting entry to record wages results in various inaccuracies, including understatement of expenses, overstatement of net income, overstatement of retained earnings, overstatement of stockholders' equity, and understatement of liabilities.) Unpaid wages that have been earned by employees but have not yet been recognized.
In the accounting records should be entered or recorded using an accrual adjusting entry, which will: Wage Expense is debited. Wages Payable on Credit or credit Payable Wages Accrued Accumulated interest is interest that has accrued but has not been paid as of a balance sheet date. The amount that has occurred but is unpaid should be recognized with a debit to Interest Expense.
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explain whether each of the following events represents (i) a change in supply or (ii) a movement along the supply curve. (be sure to label each part of your answer). a) during a real estate boom that causes house prices to rise, more homeowners put their houses up for sale. b) many strawberry farmers open temporary roadside stands during harvest season, even though the price s are usually low at that time. c) immediately after the school year begins, fewer young people are available to work. fast-food chains must raise wages, which represent the price of labor, to attract workers. d) many construction workers temporarily move to areas that have suffered hurricane damage, lured by the higher wages. e) since new technologies have made it possible to build larger cruise ships (which are cheaper to run per passenger), caribbean cruise lines have offered more cabins at lower prices, than before.
Option A: The quantity of houses supplied rises as a result of an increase in prices. This is a movement along the supply curve.
New houses are supplied by construction firms and are bought by families willing to live in a new house. Houses are also bought by property owners who wish to sell the same house at a higher price in future. A market supply curve determines the supply of houses in response to the demand for the one.
According to a law of demand, as the prices of housing decrease, the quantity demanded increases and vice-versa. This implies that as the housing price decreases, more of the families think that they can afford to buy new houses and thus the quantity demanded increases.
On the contrary, the market supply curve determines that when the price for housing increases, the supply rate too increases. More firms decide to enter the market and thus buy new houses to sell them.
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_____ from discontinued operations will result in additional income tax expense; _____ from discontinued operations will result in a tax benefit.
Thus, the appropriate income taxes are listed first, then the overall gain or loss from the terminated business. Due of the frequent losses associated with abandoned operations, this tax is frequently a future tax advantage.
Discontinued operations are not included in current operational activities and are recorded in a separate line item on the income statement. As a result, operating profit and EBIT do not include income from these operations.
On a company's income statement, Income (or Loss) from Discontinued Operations appears after Income from Continuing Operations and before Net Income. It indicates the period's after-tax gain or loss on the sale of a business segment as well as the after-tax impact of the discontinued section's activities.
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General admission to the state fair of texas is $16.00. for guests to ride the various rides, they must use coupons that cost $0.50 each. the number of coupons needed for each ride varies. the representative function for the situation is c(x) = 0.5x 16, where c(x) represents total cost as a function of the number of coupons, x. what is the domain for visiting and riding rides at the state fair of texas?
The domain for visiting and riding rides at the Texas state fair is All integers greater than or equal to 16.
When studying a function, which is a relation that maps each member in the origin region or domain with exactly one member in the friend region or codomain.
The origin or domain of a function is a set whose members are possible inputs to the function. In other words, the members in the domain of the function are inputs to the function that result in the function having a value or being defined.
If x and y are related by the equation y=f(x), then the set of all values of x that satisfy for the function y = f(x) to exist or be defined is called the domain. The set of y values generated for every x that satisfies is called the result area (range).
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